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$LDO is sitting at a critical moment
Price is moving inside a broad descending channel on the daily chart, and the structure is still bearish. Sellers have defended the descending trendline again and again, keeping pressure alive.
Right now, LDO is testing a strong demand zone around 0.55 to 0.62. This area matters. If buyers fail to defend it, downside risk stays open.
The real shift only happens with a clean daily close above 0.70 to 0.75 and a break of the descending trendline. That’s the level where momentum can flip.
Until then, bears still have control. Eyes on this zone 👀